Markets Need Policy Clarity From New Chair Powell

Markets Need Policy Clarity From New Chair Powell

2 Years ago | February 25, 2018 00:00:00

John M. Bland, MBA, co-founder, Global-View.com

Fed Meeting Minutes Never Fail To Upset Trading Once again the latest set of Fed Minutes have been the premier event of the month. Professional Fed watchers were expecting a mildly hawkish report and that is what they got. Initially markets for reasons known only to them took the report as dovish and ran the USD lower. It may be that the algos were set wrong for the keywords? Then word must have gotten out that the report had been slightly hawkish. Obviously, the Fed has a lot of work to do to improve its communication. Its story is not filtering through.

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